Which of the following reports is best suited to analyze an organization's profitability over a period of time?
A) statement of financial position
B) balance sheet
C) cash flow statement
D) income statement
E) statement of current assets

Question

Quizplus · Accepted Answer

A)The income statement or profit-and-loss statement shows an organization's profit performance over a period of time, typically one year.
B)The income statement or profit-and-loss statement shows an organization's profit performance over a period of time, typically one year.
C)The income statement or profit-and-loss statement shows an organization's profit performance over a period of time, typically one year.
D)The income statement or profit-and-loss statement shows an organization's profit performance over a period of time, typically one year.
E)The income statement or profit-and-loss statement shows an organization's profit performance over a period of time, typically one year.

Which of the Following Reports Is Best Suited to Analyze